President-elect Trump is in secret talks with JPMorgan CEO Jamie Dimon, raising speculation about JPMorgan potentially using its power to influence U.S. policy. Reports suggest that Trump has been seeking Dimon's insights for months to help guide his second-term agenda.
According to Fox Business, Dimon has provided informal advice on issues such as tax reform, trade policy, and federal spending. Sources close to Trump say Dimon is a 'litmus test' for various policy concepts. Despite these claims, neither Trump's representatives nor JPMorgan have publicly commented on the matter.
Previously, there were rumors that Dimon was a candidate for Secretary of the Treasury. However, Trump recently announced the nomination of Key Square Group founder Scott Bessent as Secretary of the Treasury, which means Dimon has no formal position in the new administration. Ripple CEO Brad Garlinghouse believes Bessent is 'the perfect candidate' and emphasized that he will be 'the most supportive of innovation and the most supportive of cryptocurrency' Secretary of the Treasury. (Bitcoin.com)